|  | | | | |  | | |  | | | | 10 Things Before the Opening Bell | | | | | | | Advertisement
{{ad('main')}} Here is what you need to know. - Tesla is laying off 7% of its workforce. The electric-car maker will lay off more than 3,000 workers, according to an email from CEO Elon Musk sent to employees.
- Netflix slides after earnings. Shares were down about 2% early Friday after the streaming giant posted solid fourth-quarter subscriber growth and revenue of $4.19 billion, slightly missing the $4.21 billion that was expected by the Bloomberg consensus.
- Malaysia will forget about the Goldman Sachs 1MDB scandal for $7.5 billion. "An apology is just not sufficient. Not enough," Lim Guan Eng told reporters on Friday. "There must be the necessary reparations and compensations."
- Sears creditors are challenging Eddie Lampert's victory in buying the company out of bankruptcy. "ESL's current bid to 'save the Company' is nothing but the final fulfillment of a years-long scheme to deprive Sears and its creditors of assets and its employees of jobs while lining Lampert's and ESL's own pockets," the committee of unsecured creditors said in a filing.
- J.B. Hunt posts mixed results. The trucking company earned $0.81 a share on revenue of $2.32 billion, compared with the $1.21 a share and $2.32 billion that analysts surveyed by Bloomberg were expecting, as its profit was affected by a preannounced pretax charge of $134 million for contingent liabilities related to its ongoing arbitration with BNSF Railway.
- Japanese inflation slows. Japanese consumer prices, excluding fresh food, rose 0.7% in December, down from 0.9% the month prior.
- Bank of Jamaica is using reggae-inspired music videos to teach people about monetary policy. The videos explain the impacts of inflation and what the central bank is doing to combat it.
- Global markets are rallying. China's Shanghai Composite (+1.42%) led the gains in Asia, and Britain's FTSE (+1.2%) was out front in Europe. The S&P 500 was set to open up 0.29% near 2,644.
- Earnings reporting is light. Schlumberger reports ahead of the opening bell.
- US economic data keeps coming. Industrial production and capacity utilization were set to cross the wires at 9:15 a.m. ET, and University of Michigan consumer confidence was due out at 10 a.m. ET. The US 10-year yield was up 1.6 basis points at 2.77%.
| | |  | | | | | | Was this email forwarded to you? | | | | | | | | | | Share this | | | | | | | You received this email because you signed up to the
Business Insider newsleitter using the
email: nguyenvu1187.love5@blogger.com | | | | | | | | 1 Liberty Plaza, 8th Floor. New York, NY 10006 | | |  | |
|
0 comments:
Post a Comment